The Franco-Italian luxury group’s sales rose 12% at constant exchange rates in the third quarter, thanks to strong growth in Europe and China.
The Moncler group (comprising the Moncler and Stone Island brands) said on Wednesday that it was approaching the winter season “with confidence” after its sales exceeded 1.5 billion euros in the first nine months of 2022. With sales of 638.3 million euros in the third quarter, it did slightly better than analysts’ forecasts (637 million euros).
The firm posted growth of +30% from January to September compared to the same period in 2021 and +57% compared to 2019. Revenues from Stone Island, acquired in 2020, rose by 8% to 110 million euros, whereas analysts were expecting 116 million euros.
The Moncler brand accounts for just over 80% of the group’s revenues, generating €528.2 million in sales, up 13% in the third quarter.
The company benefited from strong results in the EMEA region, particularly in France, Germany and Italy, where sales grew by 29% to €486 million in the first nine months. APAC, which includes Japan and Korea, Moncler’s largest markets, boosted revenues by +15% to €547 million despite health restrictions for much of the year in China.
Remo Ruffini, President and CEO of Moncler commented: “We now enter the most important period of the year with confidence and great energy; aware of the strength of our brands and the unique and distinctive projects planned for these months. After the spectacular event in Piazza Duomo in Milan, which saw the participation of over 18,000 people, we continue to celebrate Moncler’s 70th anniversary worldwide with a programme of dedicated events, activations and experiences.”
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Featured photo : © Moncler
